Interoperability

In our internet world, all is a question of transferring, sharing, and consuming data. It’s the same for our blockchain ecosystem, whether for sending a transaction or showing a price of assets in real time, which is enabled by different types and ways to achieve this data. In the event that different blockchains exist with their own logics and can’t communicate with each other. Create a communication system that enables the exchange and sharing of data, creating a bigger network effect of innovations. It’s like connecting two parts of a city, separated by a big river. ...

November 27, 2023 · 2 min · 359 words · cleminso

Message & Transaction & Signature

We know a blockchain records transactions into blocks that are linked by a cryptographic hash of the previous block. Let’s focus on the transaction word and see how it’s work. Why are message, transaction and signature in blockchain, and what are their relations? Imagine asking for or ordering a bank transfer for a friend: You need to provide your intent and the necessary data, such as ‘amount requested’ => message You need to send your intent in understandable words and provide the sender and receiver of the order => transaction the institution who execute, it needs to understand and ensure the transaction is legitimate => signature Let’s compare it with what happens when users initiate an interaction with a blockchain. ...

November 29, 2023 · 3 min · 590 words · cleminso